ED conducts fresh searches in Bihar for money laundering linked to illegal sand mining case

PTI Updated - March 16, 2024 at 11:31 AM.

The money laundering case stems from a clutch of 20 FIRs registered against Broadsons Commodities and its directors

The Enforcement Directorate on Saturday conducted fresh searches in Bihar as part of a money laundering case investigation linked to alleged illegal sand mining in the state, official sources said.

The searches are being conducted in and around Arrah town in Bhojpur district. The sources said the premises of a businessman and some linked persons are being covered.

The central agency last week arrested Subhash Yadav, a man allegedly linked to the RJD in this case.

The money laundering case stems from a clutch of 20 FIRs registered by the Bihar Police against a company named Broadsons Commodities Pvt Ltd (BCPL) and its directors, alleging they were engaged in illegal mining and sale of sand without using e-challans.

Bihar MLC and JD(U) leader Radha Charan Sah, his son Kanhaiya Prasad and directors of Broadsons Commodities like Mithilesh Kumar Singh, Baban Singh and Surendra Kumar Jindal were arrested by the ED last year and they are currently lodged in jail under judicial custody.

A chargesheet was filed against them in November 2023 before a Patna special PMLA court.

The alleged sand trade is controlled by a syndicate that invested funds in the said company, and the syndicate earns profit by selling illegal sand, which is nothing but proceeds of crime, as per the ED.

The sources said that Subhash Yadav is the “key syndicate” member in BCPL.

The ED has claimed that Rs 161 crore in proceeds of crime were generated in this case.

Published on March 16, 2024 05:56

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